Chinese Borrowers Push Asia Bond Market to Record Level

A flurry of Chinese borrowers is issuing international debt before the year's end, helping to push bond issuance in Asia outside Japan to a record high for a second year in a row.

A total of $144.38 billion of bonds denominated in dollars, euros and yen had been issued this year as of Wednesday, topping the $140.86 billion issued during all of last year, according to data provider Dealogic.